There's income to be found these days in corporate bonds, and the Invesco Corporate Bond fund is one place to look. The actively managed fund invests mostly in U.S. corporate bonds, a majority of which are investment grade. That's because the fund also has a small portion of high-yield corporate debt holdings. Some 74% of the holdings are in U.S. corporate bonds, as of June 30. For example, Netflix and Occidental Petroleum had high-yield bonds that were upgraded this year, he said.

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Persons: Matt Brill, Brill, ACCBX, He's, Morningstar, Thomas Murphy Organizations: SEC, North, ING Investment Management, Netflix, Occidental Petroleum Locations: North America, U.S